2024-11-14T15:21:54-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 362171730 THE ADMIRAL AT THE LAKE ADMI 7734331800 929 WEST FOSTER AVE CHICAGO IL 60640 RICHARD ZIELINSKI CFO 7734331800 2024-11-14 1 0 CHAD D KUNZE CPA P00639380 6305738600 2024-11-14 2022 2024-10-15 13:58:12Z NADIA GEIGLER 929 WEST FOSTER AVE CHICAGO IL 60640 24461252 0 X THEADMIRAL.ORG X 1887 IL TO BUILD A VIBRANT COMMUNITY SO THAT WE MAY EACH LEAD FULL AND AUTHENTIC LIVES OF PURPOSE. 16 15 275 0 0 0 1319680 781980 20556441 22992471 266397 298492 345039 368944 22487557 24441887 239977 256620 0 0 9455723 10339171 0 0 0 19871239 19974682 29566939 30570473 -7079382 -6128586 137889062 137972669 285881714 291696581 -147992652 -153723912 X TO BUILD A VIBRANT COMMUNITY SO THAT RESIDENTS, EMPLOYEES, AND ANYONE COMING INTO CONTACT WITH THE ADMIRAL MAY LEAD FULL AND AUTHENTIC LIVES OF PURPOSE. 0 0 25302722 256620 22992471 THE ADMIRAL AT THE LAKE (THE ADMIRAL) IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, OR LIFE PLAN COMMUNITY, IN CHICAGO, ILLINOIS CONSISTING OF 196 INDEPENDENT LIVING APARTMENTS, 39 ASSISTED LIVING SUITES, 17 MEMORY CARE UNITS, AND 36 PRIVATE SKILLED NURSING BEDS. CONSTRUCTION OF THIS NEW BUILDING WAS SUBSTANTIALLY COMPLETED IN 2012. ON DECEMBER 31, 2022, THERE WERE 183 INDEPENDENT LIVING UNITS OCCUPIED FOR 94.9% OCCUPANCY. IN 2022, THE ADMIRAL FULFILLED ITS MISSION AND CHARITABLE PURPOSE BY PROVIDING CARE AND SERVICES TO OVER 450 RESIDENTS AGES OF 62 OR BETTER THROUGHOUT THE YEAR. THE ADMIRAL OFFERS A COMPREHENSIVE FITNESS AND WELLNESS PROGRAM THAT INCLUDES A FITNESS CENTER, INDOOR HEATED POOL, AND 27 FITNESS CLASSES PER WEEK WITH ADDITIONAL ONE ON ONE TRAINING PROGRAMS WITH THE FITNESS COORDINATOR.THERE IS A DIETICIAN WHO PROVIDES COUNSELING ON RESIDENT MEALS AND DIETS. A MYRIAD OF SOCIAL AND RECREATION ACTIVITIES ARE AVAILABLE TO ALL RESIDENTS, INCLUDING A CREATIVE ARTS STUDIO, GARDEN TERRACES, LIBRARY, MEDIA ROOM/THEATER, AND LOUNGE AMONG OTHERS.RESIDENTS ENTERING INTO THE INDEPENDENT LIVING APARTMENTS IN THE NEW LIFE PLAN COMMUNITY SIGN LIFE CARE RESIDENCY AGREEMENTS THAT CARRY THE PROMISE THAT THEIR CONTRACT WILL NOT BE TERMINATED FOR INSUFFICIENT FUNDS IN THE EVENT THE RESIDENT OUTLIVES THEIR ASSETS OR INCOME. IN 2022, THE ADMIRAL PROVIDED $189,863 IN DIRECT SUBSIDY AND FINANCIAL SUPPORT FOR ROOM AND BOARD, MEDICAL EXPENSES, AND STIPENDS. FURTHER, THE ADMIRAL PLEDGED TO PAY CERTAIN MEDICAL AND OTHER COSTS FOR CERTAIN RESIDENTS WHO HELD CERTAIN CONTRACTS.THE ADMIRAL, OPERATIONS, STAFF AND RESIDENTS PROVIDE AN ARRAY OF BENEFITS TO THE SURROUNDING NEIGHBORHOOD AND COMMUNITY. INCLUDED IS A DESCRIPTION OF A FEW OF THOSE BENEFITS PROVIDED. THE ADMIRAL HOSTED LUNCHEONS FOR APPROXIMATELY 75 3RD GRADE CHILDREN AND TEACHERS FROM GOUDY SCHOOL WHICH IS LOCATED IN THE UPTOWN/EDGEWATER NEIGHBORHOOD. THE ADMIRAL ADDITIONALLY WORKS WITH ST. IGNATIUS PREP PROVIDING STUDENTS WITH IT TUTORING BUT TO AND FROM THE RESIDENTS. THE ADMIRAL PROVIDES SPACE FOR A LOCAL WOMEN'S BOOK GROUP THAT MEETS ON A MONTHLY BASIS. THE ADMIRAL PROVIDED SPACE FOR POLLING FOR THE CHICAGO BOARD OF ELECTIONS. THE ADMIRAL RESIDENTS AND STAFF ALSO PROVIDED THOUSANDS OF HOURS OF VOLUNTEER WORK TO THE SURROUNDING COMMUNITY, INCLUDING READING TO THE GOUDY SCHOOL GRADE SCHOOL CHILDREN. AN ADMIRAL STAFF MEMBER PARTICIPATED IN A HIGH SCHOOL MENTORING PROGRAM AT THE NORTH LAWNDALE HIGH SCHOOL. THE ADMIRAL PARTICIPATED IN THE WALK TO END ALZHEIMER'S AND RAISED MONEY FOR THE ALZHEIMER'S ASSOCIATION. THE ADMIRAL PROVIDES SNOW REMOVAL OF THE COMMUNAL ALLEY BEHIND OUR BUILDING AS WELL AS ALL THE SIDEWALKS SURROUNDING OUR BUILDING TO THE BENEFIT OF OUR NEIGHBORS. THE ADMIRAL ORGANIZING A MONTHLY DONATION COLLECTION WHICH SUPPORTS BOTH ITS OWN RESIDENTS AND LOCAL OUTSIDE COMMUNITY. A WINTER WEAR DRIVE RESULTED IN OVER 200 WINTER CLOTHING ITEMS DONATED TO CORNERSTONE COMMUNITY OUTREACH, A LOCAL NONPROFIT ORGANIZATION. THE ADMIRAL CONTINUED ITS 'TRASH TO TREASURE', A MONTHLY OPPORTUNITY FOR STAFF TO DONATE UNNEEDED ITEMS TO ONE ANOTHER AND TO CORNERSTONE COMMUNITY OUTREACH. THE ADMIRAL ORGANIZED AN EMPLOYEE TRIP TO THE LAKEVIEW FOOD PANTRY TO VOLUNTEER IN ASSISTING PREPARING DONATED ITEMS FOR THE NEEDY. 25302722 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 46 0 275 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X NADIA GEIGLER 7734331800 929 WEST FOSTER AVE CHICAGO IL 60640 NADIA N GEIGLER CEO 40.00 2.00 X 367520 0 0 RICHARD ZIELINSKI CFO 40.00 2.00 X 191122 0 0 NAVO SIAFA REGISTERED NURSE 40.00 X 143944 0 13327 KATHLEEN OBRIEN DIRECTOR OF SALES & MARKETING 40.00 X 138986 0 6662 ANGELA JALLOH DIRECTOR OF NURSING 40.00 X 125660 0 19987 SAMANTHA A VICTOR ALVARADO DIRECTOR OF HR 40.00 X 117213 0 16759 RUBY NAVAL REGISTERED NURSE 40.00 X 113256 0 13991 SARA M VARGHESE ASSISTANT DIRECTOR OF NURSING 40.00 X 107892 0 6662 1305593 0 77388 9 0 1 0 HEALTHPRO THERAPY SERVICES PO BOX 69268 BALTIMORE MD 212649268 REHABILITATION SERVICES 483443 1 468324 313656 781980 RESIDENT FEES FOR SERVICES 623000 10927356 10927356 HEALTH CENTER FEES 623000 8796168 8796168 AMORTIZATION OF DEFERRED REVENUE 623000 2937157 2937157 ADDITIONAL RESIDENT FOOD SERVICES 722513 331790 331790 22992471 283216 283216 45294 0 45294 45294 45294 34641 19365 15276 15276 15276 TRANSPORTATION SERVICES 485000 108080 108080 RESIDENT GUEST SERVICES 721000 28725 28725 NON-RESIDENT FOOD SERVICES 722513 22263 22263 164582 164582 323650 24441887 22992471 0 667436 256620 256620 1398187 1398187 7028369 6645960 382409 1309667 -24956 1334623 602948 477728 125220 73895 73895 191199 191199 1410586 961167 449419 439197 439197 243413 76924 166489 684230 435012 249218 983303 983303 4708 1012 3696 37997 9645 28352 7700997 7700997 5149100 5149100 291356 291356 FOOD COSTS 1125585 1125585 SUPPLIES AND INVENTORY 517904 517904 OTHER EXPENSES 474201 370876 103325 PURCHASED SERVICES 306585 306585 340426 309260 31166 30570473 25302722 5267751 0 4977164 8771101 2986 2986 1256888 1421398 165791 220642 156880929 48428050 111527044 108452879 17923867 17386891 2035322 1716772 137889062 137972669 3126715 3134130 120754557 129297119 141554935 141486747 1535692 0 18909815 17778585 285881714 291696581 X -149763844 -155215830 1771192 1491918 -147992652 -153723912 137889062 137972669 X -6128586 -587281 -274554 1259161 X X 0 1 X 1 0 X 318541 645242 906324 1319680 781980 3971767 19396932 19863663 20419866 20556441 22992471 103229373 19715473 20508905 21326190 21876121 23774451 107201140 312257 369446 532444 593690 473324 2281161 0 312257 369446 532444 593690 473324 2281161 104919979 387520 579432 462603 295827 328510 2053892 387520 579432 462603 295827 328510 2053892 854599 329349 400500 301197 323650 2209295 20957592 21417686 22189293 22473145 24426611 111464327 0.94130 0.91150 0.01840 0.02060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER AUXILIARY SERVICES - 2018 AMOUNT: $ 854,599. 2019 AMOUNT: $ 139,595. 2020 AMOUNT: $ 233,726. 2021 AMOUNT: $ 149,775. 2022 AMOUNT: $ 164,582. TRANSPORTATION SERVICES - 2019 AMOUNT: $ 91,234. 2020 AMOUNT: $ 97,722. 2021 AMOUNT: $ 100,722. 2022 AMOUNT: $ 108,080. NON-RESIDENT FOOD SERVICES - 2019 AMOUNT: $ 60,420. 2020 AMOUNT: $ 62,452. 2021 AMOUNT: $ 23,950. 2022 AMOUNT: $ 22,263. RESIDENT GUEST SERVICES - 2019 AMOUNT: $ 38,100. 2020 AMOUNT: $ 6,600. 2021 AMOUNT: $ 26,750. 2022 AMOUNT: $ 28,725. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 429674 429674 151901633 48428050 103473583 4469110 4469110 80512 80512 108452879 OBLIGATION TO PROVIDE FUTURE SERVICES 9477970 DUE TO AFFILIATES 7725718 ACCRUED PENSION PLAN LIABILITY 484914 REFUNDABLE RESERVATION DEPOSITS 89983 17778585 X 25454423 -587281 -587281 26041704 -1599817 -1599817 24441887 0 0 0 0 0 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION FOR FUTURE SERVICES & USE OF FACILITIES TO RESIDENTS NET PERIODIC BENEFIT COST OTHER THAN THE SERVICE COST COMPONENT SCHEDULE D, PAGE 4, PART XI, LINES 2D AND 4B ADJUSTMENTS MADE TO REPRESENT UNREALIZED GAIN(LOSS), CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES AND USE OF FACILITIES TO CURREST RESIDENTS, AND NET PERIODIC BENEFIT COST OTHAR THAN THE SERVICE COST COMPONENT 1 FINANCIAL ASSISTANCE TO RESIDENTS 199352 PART I, LINE 2: THE ADMIRAL APPLIES ALL GRANTS OR ASSISTANCE PAYMENTS DIRECTLY TO RESIDENT'S ACCOUNTS, NO FUNDS ARE PAID DIRECTLY TO RESIDENTS AND AS SUCH THE ADMIRAL IS ABLE TO ENSURE ALL FUNDS ARE USED FOR THEIR INTENDED PURPOSE. ASSISTANCE DURING THE 2022 TAX YEAR CONSISTED OF ROOM AND BOARD SUBSIDIES FOR THE ADMIRAL RESIDENTS. X X X X 0 0 0 0 0 0 0 1 0 NADIA N GEIGLER CEO 316520 0 51000 0 0 0 0 0 0 0 367520 0 0 0 RICHARD ZIELINSKI CFO 189372 0 1750 0 0 0 0 0 0 0 191122 0 0 0 NAVO SIAFA REGISTERED NURSE 136859 0 7085 0 0 0 0 0 13327 0 157271 0 0 0 PART I, LINE 7 ANY BONUS PAID TO EMPLOYEES OTHER THAN THE CEO, ARE NON-FIXED PAYMENTS. THE CEO, CFO AND HUMAN RESOURCE GROUP EVALUATE THE AVAILABLE RESOURCES OF THE ORGANIZATION, AN INDIVIDUAL'S PERFORMANCE AND THEIR LENGTH OF SERVICE TO DETERMINE A BONUS THAT IS REASONABLE AS COMPARED TO THOSE FACTORS. THE CFO RECUSES THEMSELVES FROM THE EVALUATION OF THEIR OWN BONUS. THE FOLLOWING INDIVIDUALS RECEIVED A NON-FIXED PAYMENT BONUS AS DESCRIBED ABOVE IN 2022; THE BONUS WAS INCLUDED IN W-2 WAGES: NADIA N. GEIGLER,CEO - $51,000 RICHARD ZIELINSKI,CFO - $1,750 NAVO SIAFA,REGISTERED NURSE - $7,085 KATHLEEN OBRIEN,DIRECTOR OF SALES & MARKETING - $1,750 ANGELA JALLOH,DIRECTOR OF NURSING - $2,350 SAMANTHA A. VICTOR ALVARADO,DIRECTOR OF HR - $6,000 RUBY NAVAL,REGISTERED NURSE - $2,270 SARA M. VARGHESE,ASSISTANT DIRECTOR OF NURSING - $3,230 CHAIM DUBOVICK,HEALTH SERVICES ADMINISTRATOR - $5,500 NONE OF THE RELATED PARTY COMPENSATION IS UNDER THE SUPERVISION OF THE ADMIRAL AT THE LAKE, AND NONE OF THE COMPENSATION IS FOR SERVICES RENDERED TO THE ADMIRAL AT THE LAKE. A ILLINOIS FINANCE AUTHORITY 861091967 45204EC55 2017-12-28 148520491 1. REFUND THE 2010 BONDS; 2. CAPITAL EXPENDITURES 0 0 0 A 2735491 148520491 2755343 2600000 143165148 2020 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERS OF THE EXECUTIVE COMMITTEE WILL BE THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, AND SUCH OTHER BOARD DIRECTORS AS THE BOARD MAY APPOINT TO THE COMMITTEE. THE EXECUTIVE COMMITTEE WILL POSSESS AND MAY EXERCISE ANY AND ALL POWERS OF THE BOARD IN THE MANAGEMENT AND AFFAIRS OF THE ADMIRAL SUBJECT TO THE PARAMOUNT AUTHORITY OF THE FULL BOARD. THE EXECUTIVE COMMITTEE WILL NOT HAVE THE POWER OR AUTHORITY OF THE BOARD TO ENGAGE IN THE FOLLOWING: 1. AUTHORIZE DISTRIBUTIONS TO MEMBERS, BOARD DIRECTORS, OFFICERS, AGENTS OR EMPLOYEES EXCEPT IN EXCHANGE FOR VALUE RECEIVED; 2. APPROVE THE DISSOLUTION OR MERGER OF THE ADMIRAL, OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ADMIRAL'S ASSETS; 3. ELECT, APPOINT OR REMOVE BOARD DIRECTORS OR FILL VACANCIES ON THE BOARD OR ON ANY OF ITS COMMITTEES; OR 4. ADOPT, AMEND OR REPEAL THE ARTICLES OR THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 THE KENDAL CORPORATION, A 501(C)(3) PUBLIC CHARITY, IS CONSIDERED THE SOLE MEMBER BASED ON THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE APPOINTED BY AND SERVE AT THE PLEASURE OF THE KENDAL CORPORATION. IF THE OFFICE OF ANY DIRECTOR BECOMES VACANT FOR ANY REASON, THEN THE KENDAL CORPORATION SHALL SELECT A PERSON OR PERSONS WHO SHALL HOLD OFFICE FOR THE REMAINING TERM. FORM 990, PART VI, SECTION A, LINE 7B THE KENDAL CORPORATION WILL HAVE THE RIGHT TO REVIEW AND REQUIRE CHANGES TO THE ADMIRAL'S OPERATIONS, STRATEGIC, FINANCIAL AND OTHER PLANS, IF THEY ARE DEEMED INCONSISTENT WITH STRATEGIC PRIORITIES OF THE KENDAL SYSTEM. IN ADDITION, THE ADMIRAL MUST OBTAIN APPROVAL FROM THE KENDAL CORPORATION BEFORE UNDERTAKING ANY OF THE FOLLOWING: (A) ANY CHANGE IN PURPOSES; (B) INCURRING INDEBTEDNESS WITH A PRINCIPAL AMOUNT HIGHER THAN THAT SPECIFIED IN THE AFFILIATION AGREEMENT; (C) THE MANNER IN WHICH THE NAME "KENDAL" IS USED (D) ANY MATERIAL CHANGE IN THE RESIDENT CONTRACT(S); (E) THE PURCHASE, SALE, LEASE, ENCUMBRANCE, OR OTHER DISPOSITION OF ANY REAL ESTATE OR IMPROVEMENTS THEREON, WITH A VALUE GREATER THAN THAT SPECIFIED IN THE AFFILIATION AGREEMENT; (F) DISSOLUTION, ACQUISITION BY ANOTHER ENTITY (WHETHER BY MERGER, ASSET SALE, CHANGE OF CONTROL, OR OTHERWISE); (G) THE SELECTION OF ANY NEW BOARD DIRECTOR; AND (H) AMENDMENTS TO THE ARTICLES OF INCORPORATION OF THE FOLLOWING SECTIONS OF THE BYLAWS: 1. L, 1.2, 2. 1, 3.2, 3.2, 3.5, 3.8, 3.10, 3.17, 4.1, 6.8, 7. L, 7.2, 7.3, 7.4, 11.1, 11.2, AND 11.3. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED FOR ACCURACY AND COMPLETENESS BY THE CEO AND THE AUDIT COMMITTEE CHAIR. A COPY OF THE FORM 990 IS THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO READ AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY RELATED PARTY TRANSACTIONS PRIOR TO ENGAGING IN SAID TRANSACTIONS, AND ARE REQUIRED TO DISCLOSE ANY RELATED PARTY TRANSACTIONS ANNUALLY AS PART OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE RESPONSES ARE REVIEWED BY THE CEO AND BOARD CHAIR. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND MAY BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON SHALL THEN BE EXCUSED FROM THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF TRUSTEES OR DESIGNATED COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ADMIRAL, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE CEO AND BOARD CHAIR MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY FOR THE BOARD. THE CORPORATE COMPLIANCE COMMITTEE MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE COMPARES THE CEO'S COMPENSATION TO INDUSTRY AND COMPETITOR STANDARDS. THE COMMITTEE THEN DECIDES IF THE CEO'S COMPENSATION IS REASONABLE AND CONSISTENT. THE DELIBERATION IS TIMELY DOCUMENTED IN THE THE ADMIRAL AT THE LAKE COMMITTEE MINUTES. THE FINAL APPROVED DECISION IS TIMELY DOCUMENTED VIA EMAIL DIRECTLY TO THE CEO AND CFO FROM THE BOARD CHAIR. THE CEO'S COMPENSATION WAS LAST REVIEWED IN DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION-RELATED GAIN NOT IN PERIODIC PENSION COST -61,382. VALUATION CHANGE IN ASSETS HELD IN TRUST -279,274. CHANGE IN OBLIGATION FOR FUTURE SERVICES TO CURRENT RESIDENTS 1,497,906. NET PERIODIC BENEFIT COST OTHER THAN THE SERVICE COST COMPONENT 101,911. GAIN ON FORGIVENESS OF DEBT FORM 990, PART XII, LINE 2C: NO CHANGES IN PROCESS FROM PRIOR YEAR. THE ADMIRAL AT THE LAKE FOUNDATION 929 WEST FOSTER AVE CHICAGO IL 60640 204057278 PROVIDING FINANCIAL SUPPORT FOR RELATED TAX EXEMPT ORGANIZATIONS IL 501(C)(3) LINE 12A, I THE ADMIRAL AT THE LAKE 1 KENDAL AGING C/O 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 823361136 PROVIDE SUPPORT SERVICES FOR RETIREMENT COMMUNITIES IN CA STATE PA 501(C)(3) LINE 12B, II THE KENDAL CORPORATION 0 KENDAL CHARITABLE FUNDS 1107 EAST BALTIMORE PIKE KENNETT SQUARE PA 19348 232626425 INVESTMENT/FUNDRAISING IN SUPPORT OF THE KENDAL COMMUNITITES PA 501(C)(3) LINE 7 THE KENDAL CORPORATION 0 KENDAL NEW YORK 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 061656576 PROVIDE SUPPORT SERVICES FOR TWO RETIREMENT COMMUNITIES IN NY STATE NY 501(C)(3) LINE 12A, I THE KENDAL CORPORATION 0 BARCLAY FRIENDS 700 N FRANKLIN ST WEST CHESTER PA 19380 232088476 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 CHANDLER HALL HEALTH SERVICES INC 99 BARCLAY ST NEWTON PA 18940 232365124 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 COLLINGTON EPISCOPAL LIFE CARE COMMUNITY INC 10450 LOTTSFORD RD MITCHELLVILLE MD 20721 521281156 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 N/A 0 KENDAL AT GRANVILLE (DISAFFILIATED DEC 2021) 2158 COLUMBUS RD GRANVILLE OH 43023 311657346 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY OH 501(C)(3) LINE 10 N/A 0 KENDAL AT HANOVER 80 LYME RD HANOVER NH 03755 020519490 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 N/A 0 KENDAL AT HOME 27519 DETROIT RD WESTLAKE OH 44145 200548053 OPERATE CONTINUING CARE WITHOUT WALLS OH 501(C)(3) LINE 10 THE KENDAL CORPORATION 0 KENDAL AT ITHACA 2230 NORTH TRIPHAMMER RD ITHACA NY 14850 521787487 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 KENDAL AT OBERLIN 600 KENDAL DR OBERLIN OH 44074 341567246 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY OH 501(C)(3) LINE 10 N/A 0 KENDAL AT SONOMA 300 PAGE ST SAN FRANSICO CA 94102 814896082 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY CA 501(C)(3) LINE 10 N/A 0 KENDAL ON HUDSON 1010 KENDAL WAY SLEEPY HALLOW NY 10591 133971396 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 KENDAL-CROSSLANDS COMMUNITIES 1107 E BALTIMORE PIKE KENNETT SQUARE PA 19348 231906212 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 LEXINGTON RETIREMENT COMMUNITY INC 160 KENDAL DRIVE LEXINGTON VA 24450 541795871 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 N/A 0 THE LATHROP COMMUNITIES INC 100 BASSETT BROOK DR EASTHAMPTON MA 01027 042996627 OPERATE A 55 & OVER COMMUNITY MA 501(C)(3) LINE 10 N/A 0 THE KENDAL CORPORATION 1107 E BALTIMORE PIKE KENNETT SQUARE PA 19348 232688382 DEVELOP/SUPPORT/LEAD A SYSTEM OF COMMUNITIES AND SERVICES FOR OLDER PERSONS PA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 THE ADMIRAL AT THE LAKE FOUNDATION C 468324 CASH